A number of factors can lead to properties selling quickly. For example, there may be high demand or it could be an area where homes rarely become available. Whatever the case, it is a good thing to consider. We want to have a look at this today, focusing on why Southall had one of the fastest moving markets in West London. Then, if you want a lettings agent in Ealing, you can speak to us.
The data
Details from Property Solvers, using Rightmove and Land Registry data, had a look at how quickly properties in Ealing were selling in the year to February 2024. According to the findings, homes in UB2 and UB1, both in Southall, sold the fastest. Respectively it took 99 days and 102 days on average to complete a sale. There were 4 and 12 transactions in the areas.
To put that into perspective, it took 124 days for a property to sell in UB5. This area is in Northolt. Properties in NW10, covering North Acton and other areas, took 123 days to sell.
Why does Southall move faster?
There are several noteworthy things here. One of them is the fact that UB2 and UB1 in Southall tend to attract more cash buyers. As a result, deals can be completed much faster if there is no need to get a mortgage or it is only to cover a small amount of the deal.
There is also a lot to love about living in Southall. In fact, it is a popular spot for investors for this very reason. We know that well from our work as a lettings agent in Ealing and arranging crucial services like guaranteed rent.
Most crucially, this is a very vibrant area. There is plenty to do, from visiting the diverse selection of local shops to spending some time in the parks. There are also many local attractions, including eateries and the market. You have some great bars as well.
Southall stands out too because it has fantastic transport links. You are just a short distance from everything you could need. For example, a quick 15 minute trip east and you’re in Central London. Head west and you can get to Heathrow with ease in 10 minutes. Even further west is the countryside, or you could venture south.
Finally, properties can sell quickly in this part of London because they appeal to everyone. The area is popular with young professionals, families, downsizers, investors, and more.
Do you need help from a lettings agent in Ealing?
Finefair Ltd supports clients with assets in various parts of London. We can deliver everything you expect from an agent, including tenancy solutions and management. However, we go further by arranging guaranteed rent and more. You can get the very best solution with us.
So, get in touch today and discover why we are a great option for landlords and investors who want to find a lettings agent in Ealing. We’d be happy to help.